Dec. 14, 2016

Road Tolls

Let’s do the math:
 
Proposed Gardiner and DVP road tolls - $200 million/year
 
Annual operating and maintenance costs - $190 million/year
 
Total new contribution to new infrastructure capital and operating costs - $200 million/year
 
Approved/and necessary but unfunded capital costs - $30 to $38 billion
 
Less total new contribution to new infrastructure capital and operating and maintenance costs (over 30 years) – ($6 billion)
 
SHORTFALL (New Infrastructure Capital Costs) - $24 to $32 BILLION
 
SHORTFALL (New Infrastructure Operating and Maintenance Costs) – To be determined, and not included
 
Even at $200 million/year, road tolls won't come close to meeting the city's capital requirements for new transit and infrastructure - Waiting for the next shoe to drop!